UL Solutions (NYSE: ULS) director receives new deferred stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Charles W. Hooper received grants of deferred restricted stock units tied to UL Solutions Inc. Class A common stock as part of his director compensation. He acquired 8 units and 4 units, each representing a contingent right to receive one share in the future.
The awards reflect dividend equivalent rights that accrue on deferred restricted stock units he already holds and vest in step with those units. One related deferred award vested on May 1, 2025, and another will vest on the earlier of May 20, 2026 or the next annual meeting date, with settlement expected in Class A shares under the company’s non-employee director deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hooper Charles W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 8 | $0.00 | -- |
| Grant/Award | Deferred Restricted Stock Units | 4 | $0.00 | -- |
Holdings After Transaction:
Deferred Restricted Stock Units — 4,962 shares (Direct)
Footnotes (1)
- Each deferred restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents accrual of dividend equivalent rights on deferred restricted stock units held by the Reporting Person. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units vested on May 1, 2025 and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Non-Employee Director Deferred Compensation Plan (the "Plan"), or (ii) as otherwise provided by the Plan. Includes deferred restricted stock units and all dividend equivalent rights that have accrued on such deferred restricted stock units to date. The dividend equivalent rights accrued on deferred restricted stock units held by the Reporting Person and vest proportionately with the deferred restricted stock units to which they relate. The deferred restricted stock units will vest on the earlier of May 20, 2026 or the date of the annual meeting following the grant date and are expected to be settled in shares of the Issuer's Class A Common Stock either (i) on a date selected by the reporting person pursuant to the Issuer's Plan, or (ii) as otherwise provided by the Plan.
FAQ
What did UL Solutions (ULS) director Charles W. Hooper report on this Form 4?
He reported acquiring deferred restricted stock units as part of director compensation. These represent future rights to UL Solutions Class A shares, linked to dividend equivalents on existing deferred stock units, with vesting and settlement governed by the company’s non-employee director deferred compensation plan.
How many deferred restricted stock units did Hooper acquire in the UL Solutions (ULS) filing?
He acquired 8 deferred restricted stock units in one transaction and 4 in another, for 12 units total. Each unit represents a contingent right to receive one share of UL Solutions Class A common stock in the future, rather than an immediate share purchase.
What are deferred restricted stock units in the UL Solutions (ULS) Form 4?
Each deferred restricted stock unit is a contingent right to receive one share of UL Solutions Class A common stock. These units are part of non-cash director compensation, generally vest over time, and are ultimately settled in shares according to the company’s deferred compensation plan terms.
How do dividend equivalent rights affect Hooper’s UL Solutions (ULS) deferred stock units?
Dividend equivalent rights accrue on his deferred restricted stock units and convert into additional units. They vest proportionately with the underlying deferred stock units and are expected to be settled in UL Solutions Class A common shares in line with the governing deferred compensation plan.
When do Hooper’s UL Solutions (ULS) deferred restricted stock units vest and settle?
One set of related deferred restricted stock units vested on May 1, 2025. Another set will vest on the earlier of May 20, 2026, or the annual meeting date, with settlement in Class A common shares under the non-employee director deferred compensation plan’s distribution rules.